Browsing: World bank
The latest Public Finance Review of Ghana’s economy report launched by the Bank highlights the urgent need for Ghana to reset its fiscal strategy by boosting domestic revenue, rationalizing tax exemptions, and enforcing stricter expenditure controls
The report, however, noted that Ghana has made progress toward economic stabilisation but warned that more needs to be done to meet monetary and fiscal targets and create lasting fiscal space.
The World Bank has reiterated its dedication to promoting economic growth and sustainable development across Africa, with Ghana identified as…
The Finance Minister expressed optimism that the impasse would soon be resolved, allowing Ghana to access the crucial funds without significant delays
One effect of Ghana becoming a “lower middle income country” a few years ago is that many donors retreated. The…
The IMF has projected the country’s Gross Domestic Product, (GDP) growth at a rate of 4 percent for 2024, according…
Rising external debt mirrors the changes in the composition of external debt creditors.
Ethiopia, Ghana, and Nigeria are among the worst-performing in Africa this year, with their currencies continuing to weaken under mounting pressure for foreign exchange,” the report stated.
Fitch Ratings has assigned Ghana’s new US dollar bonds, issued on 9 October 2024, a ‘CCC+’ rating. Fitch also has…